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EPD: Exchange physical gold and silver bullion for KAU and KAG

  • Updated

In this video, see how to exchange your physical gold and silver bullion for digitised, gold- and silver-backed Kinesis currencies, KAU and KAG, through the EPD process (Exchange Physical for Digital).

Follow these steps to bring your physical bullion from an external vaulting location into the global vaulting network of Kinesis. This lets you access free storage and enhance the liquidity of your gold and silver assets.

Note that the video below shows an earlier version of the Kinesis platform, and our team is working on updating it soon. The process, however, remains the same.

 

Exchange physical for digital (EPD)

EPD is the process of converting your physical gold or silver bullion into Kinesis KAU or KAG through digitalisation. This allows you to store 1:1 allocated precious metals in our vaults free of charge, and to spend, send and transact your gold and silver as everyday currency.

Visit our EPD (exchange physical for digital) page here.

Exchange Physical for Digital (EPD) Step-by-Step Guide:

Note: to bring your bullion to Kinesis, you must have a Kinesis Mint account. If you haven’t created one yet, start by signing up here.

  1. Go to your Kinesis Mint account. 
  2. Complete the EPD form, accessible from the left-side navigation bar.

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3. The EPD team will email you to confirm your request details and may ask for supporting documentation.

4. Reply to confirm (via email) and the EPD team will begin the metal deposit and currency emission process. Any requested documentation must be reviewed and approved first.

5. Currency emission occurs only once the physical bullion has been received by Kinesis.

How to exchange physical coins and bars for KAU & KAG

EPD lets you bring eligible* gold and silver coins and bars into our segregated vault, unlocking the benefits of holding Kinesis gold (KAU) and silver (KAG).

You can access the fine weight of their collection in KAU or KAG for real-world payments - simply maintain a ⅔ balance.

*See EPD (coins & bars) requirements.

 

Step 1. Open a Kinesis Mint account.

Step 2. Complete the form in the EPD section of the Kinesis Mint. Make sure to select the Segregated EPD Program option.

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Step 3. The EPD team will email the minter to confirm the details of the proposed coins and bars, and may request supporting documentation.

Step 4. As part of the Kinesis System Integrity Framework, all coins and bars are then assayed at the depositor's expense, assessing fineness and valuing the coin to its fine weight.

Step 5. Once valuation and authenticity are verified, the coins and bars are recorded in a deposit manifest and stored in the segregated vault at the participating provider.

Step 6. The ABX Vault Management System records the deposit details — tube, box or bag number, depositor information, special notes (such as damage, year or edition), and the depositor's Kinesis system HIN.

Step 7. Once the deposit is recorded and complete, the Kinesis operations team emits the appropriate KAU or KAG to the depositor's account, charging the 1% segregated deposit fee at emission.